-

GMS Completes Acquisition of Westside Building Material

TUCKER, Ga.--(BUSINESS WIRE)--GMS Inc. (NYSE: GMS), a leading North American specialty distributor of interior building products, today announced the successful completion of its previously announced acquisition of Westside Building Material (“Westside”), one of the nation’s largest independent distributors of interior building products.

“Building on the momentum of our very solid fourth quarter 2021 earnings report, we are pleased to announce the successful completion of this transaction and welcome the Westside team to GMS,” said John C. Turner Jr., President and Chief Executive Officer of GMS. “Westside significantly increases our reach in several major California markets and represents our first foray into the Las Vegas market. Expanding our geographic platform through accretive acquisitions, such as this one, continues to be a vital component of our strategic growth priorities.”

GMS funded the $135.0 million purchase price proceeds with cash on hand and available borrowings on its revolving credit facility.

About GMS

Celebrating the 50th anniversary of its founding in 1971, GMS operates a network of more than 275 distribution centers across the United States and Canada. GMS’s extensive product offering of wallboard, suspended ceilings systems, or ceilings, and complementary construction products is designed to provide a comprehensive one-stop-shop for our core customer, the interior contractor who installs these products in commercial and residential buildings.

For more information about GMS, please visit www.gms.com.

Contacts

Carey Phelps
Vice President, Investor Relations
Phone: 770-723-3369
Email: ir@gms.com

Industry:

GMS Inc.

NYSE:GMS
Release Versions
English

Contacts

Carey Phelps
Vice President, Investor Relations
Phone: 770-723-3369
Email: ir@gms.com

More News From GMS Inc.

GMS Completes the Acquisition of Central Materials

ATLANTA--(BUSINESS WIRE)--GMS Inc. (“GMS”) announced today that it has acquired the assets of Central Materials, a leading distributor of stucco, EIFS, stone, masonry and related cladding products with two locations serving South Texas’s Rio Grande Valley. John C. Turner, Jr., President and Chief Executive Officer of GMS, said, “We are excited to welcome Central Materials and its highly respected, customer service-oriented team of product experts to GMS. This acquisition demonstrates the contin...

GMS Completes the Acquisition of Frontier Drywall Supply, LLC

ATLANTA--(BUSINESS WIRE)--GMS Inc. (“GMS”) announced today that it has acquired the assets of Frontier Drywall Supply, LLC (“Frontier”), a distributor of wallboard, steel products, and related core interior products serving eastern Colorado with three locations in Denver, Fort Collins, and Colorado Springs. John C. Turner, Jr., President and Chief Executive Officer of GMS, said, “We are excited to welcome Frontier Drywall Supply and its team of highly respected professionals to GMS. Bringing Fr...

GMS Completes the Acquisition of the Assets of Above Interior Distributors, Inc.

ATLANTA--(BUSINESS WIRE)--GMS Inc. (“GMS”) announced today that it has acquired Above Interior Distributors, Inc. (“Above Interior”), a leading supplier of specialty acoustical products, ceilings, and related building materials with one location serving the Miami-Dade metro area and South Florida. John C. Turner, Jr., President and Chief Executive Officer of GMS, said, “We are excited to welcome Above Interior and its team of highly knowledgeable professionals to GMS. Bringing them into the GMS...
Back to Newsroom